One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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AGORACOM NEWS FLASH

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: Re: Agoracom: Query on CCC & NEWCO Partners:
1
AGORACOM
Jul 14, 2008 09:27AM

Agoracom, CCC & NEWCO have agreed to purchase shares in the equity participations in the development companies of Omagine. Do these contractual agreements amount to firm, binding agreements - based on obvious contingencies - by CCC & NEWCO, or are they preliminary letters of intent?

So far, the Emir and Frank Drohan have signed on the dotted line of a preliminary DA, which the Dept. of Tourism is checking for form and consistency. I enterpret this as a "virtually done deal." Yes"

Yet the stock is 60 cents asked!

What am I missing?

harrell

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